The EU General Court has upheld the Commission’s decision which stated that the two investment funds that Landesbank Hessen-Thüringen (Helaba) received in1998 from the state were made available to underpin its competitive business, and hence could not be classified as State aid.
The ruling follows an appeal to the Commission’s decision brought forward by the association of German banks, who took the view that the entire contribution should have been classified as state aid.
For those who are involved in banking law and are interested to read more about this case should read the full judgement by clicking the link to the press release below.
General Court of the European Union – Case T-163/05
